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August 01, 2008
2 J, i2 M; M9 R! ` oWeekly Update on the Edmonton Real Estate Market
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H2 m. T, x% p) }* TWeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:. y/ Y* Z6 k1 U: w$ {) ?
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New listings: 528 (476, 599, 617)
$ N" V5 m) f3 q: s; k5 k" Q# Sales: 296 (286, 293, 254)1 W3 E) V$ J6 z
Ratio: 56% (60%, 49%, 41%)# ~& a- u a% M* r3 X
# Price changes: 466 (480, 554, 511)
* E& b1 n+ O b. Z7 L" C# Expired Listings: 608 (162, 270, 261)
+ u* t* \2 R5 ~7 U' d# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
8 l- j8 ~+ V. F$ g- X! FNet loss/gain in listings this week: -418 (-35, -29, 47)- T% P8 q( F) P0 W! ^3 k6 ~, e" z
Active listings for single family homes: 4007 (4206, 4236, 4242)
8 T x# Q: n, x& x" pActive listings for condos: 2708 (2914, 2910, 2901); ^8 G. B" u9 v) ^& X
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I know we promised a big day for stats today, and it is still coming. There has been a slight delay getting the daily stats up for the last day of July in the board's database, but I have their assurance the numbers will be up shortly. We'll get that to you asap.
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For now, we've got our weekly analysis. As is typical for the end of the month, there were a large number expiries, which accounted for another drop in inventory. The new listings to sales ratio remains higher than we've seen in previous weeks. Another interesting tid bit, there were a large number of condos that changed hands this week - 137 when the average for the last 5 months is 100. This is likely due to the number of people up looking for condos for their kids going to U of A this fall. |
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